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Budged. Dow futures down by 6 half a points below fair value. The s p 500 closed another record high on friday. Nasdaq down by 9. 5. One Economic Data point of note, the National Association of Home Builders will release its Housing Market index for may. Thats due at 10 00 eastern time this morning. A little bit of news out of chicago, charlie evans, he says the feds should aim to boost inflation by keeping Interest Rates near zero until early next year. Evans is a Voting Member of the fomc and argues inflation has been running too low for too long. We just had him on. Yeah. Yeah. Exactly. Thats not new, is it . They have got the dual mandate. Right. We ....
And instead we embraced, and instead we returned to the truth that our parents and grandparents understood that the more a person learns the more a person earns. [applause] that a stronger middle class that a strong arer middle class is not the consequence of Economic Growth a stronger middle class is the cause of Economic Growth. [applause] im not even sure our parents and grandparents, democrats and republicans alike even had a word for that type of economics. They called it common sense. [laughter] in other words, the more money that workers earn, the better customers businesses have, and the better our economy grows. So together we actually, we passed the living wage. We raised the minimum wage to 10. 10 an hour. [applause] we made college we made college more affordable more more people and four years in a row without a pennys increase. We made our public schools, as t ....
That and janet yet yellens first News Conference. Steve will have the cnbc fed survey results in just a moment. But as for todays data at 8 30 a. M. Eastern, well get two reports. One is the Consumer Price index for february. Thats expected to rise 0. 1 . Housing starts for february are also expected to rise by 3. 4 . A major improvement in the drop that we saw back in january. Building permits are expected to come in flat for the month and the markets are going to be looking for any weather related issues. Well have those reports coming in at 8 30 eastern time. Right now, futures are indicated slightly lower. Dow futures down by about 32 points. S p off by 4 points. On monday, the dow snapped a fiveday losing streak as concerns about ukraine subsided after sundays vote. And russias president Vladimir Putin will be spea ....
Severing her spinal cord in an accident, sixtime gold medal winner amy van dykenrouen speaks with us. I just want to thank you guys and everyone who watches the today show for all of your support, all of your prayers, your positive vibes. As she begins the next phase in her recovery today, wednesday, june 18th, 2014. Announcer from nbc news, this is today with matt lauer and Savannah Guthrie live from studio 1a in rockefeller plaza. And good morning, everyone. Welcome to today on a wednesday morning. And how nice is it to see amy van dykenrouens smiling face after all shes been through. And her spirit is intact. Well show you that special message in just a moment. By the way, youve never looked better. Oh, wait, al and natalie are down in orlando this morning. How soon you forget. Were going to cast a spell on you. Oh, yeah. They are down in the Wizarding World of harry po ....
Understanding why viewers want us to compare results to last year, not to analyst expectations. We have 70 above. What does that tell you other than the Company Effectively managed where analysts were. We have no idea is it above or below. Intel, a third of their profit dropped off. In both revenue, and earnings, wouldnt you like to know how it compares . What if everything is down from last year in both revenues and earnings . Was it rich who was saying what you should be looking at is the number of companies that have surprising that shock you by missing by so much. Those are the ones who you havent really seen just objectively, it is hard to do above or below last year, there is always items, they sell businesses, so, you know, things are discontinued and makes it hard. The stock trade is based on where the streets expectations are. If they knew it would be coming down steeply, but if you knew it was going to be coming dow ....